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Gene's Car Wash is a natural monopoly. To wash 100 cars a week, if Gene is unregulated, he would charge a price of $10. Gene's average total cost for washing 100 cars is $8, his average variable cost is $6, and his marginal cost is $4. If Gene is regulated using an average cost pricing rule, how much is the price that he is allowed to charge to wash 100 cars.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9488968

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